Well – it’s done. International Airlines Group has secured the clearances to purchase British Midland Airways from Lufthansa
According to Reuters, the 14 slots that were given up were the key to complete the purchase.
The deal worth £172.5 million will give IAG through its British Airways unit the remaining slots.
More importantly, more information about the slots have been released. 12 of the slots are to used for UK Domestic and EU services, whilst 2 of the slots will be leased to Transaero.
Over at the Virgin Camp, the bearded ones beard is on fire after managing to be trumped by IAG, and having its appeal thrown out.
As well as giving up slots, IAG have pledged to carry connecting passengers to feed its rivals’ long-haul flights. These two things combined have addressed competition concerns.
Joaquin Almunia – EU Competition Commissioner said:
“The commitments package includes an appropriate number of very sought-after slots at London Heathrow as well as far-reaching feeder arrangements as regards connecting passengers,”
“We are therefore satisfied that the competitive dynamics will be maintained so as to ensure choice and quality of air services for passengers,”
And that’s that. BMI as of now is an operating property of International Airlines Group.
News from the Facebook page of BMI that states:
The deal between bmi and British Airways is due to be completed around 20th April 2012. We would like to reassure you that we plan to operate our summer schedule as normal and you can continue to earn and redeem Diamond Club miles during this period.
We are working together to announce a Diamond Club partnership with British Airways. This will include the ability to earn and redeem Diamond Club destinations miles across the bmi and BA networks.
No data on when the exit from Star Alliance will be, and if BMI will become an Oneworld affiliate member.
